Ethereum Price Forecast: ETH clears 100-day EMA and $2,388 resistance


Ethereum has seen roughly $163.2 million in liquidations over the past 24 hours, driven by $140.9 million in short liquidations, according to Coinglass data.

In the daily chart, ETH has flipped the 100-day Exponential Moving Average (EMA) at $2,378 and the $2,388 resistance, after testing those levels consistently over the past five days.

The level now serves as immediate support, while deeper pullbacks may attract bids around the 20-day EMA at $2,234 and the $2,211–$2,199 area defined by horizontal support and the 50-day EMA.

On the topside, initial resistance emerges at the horizontal barrier near $2,746, ahead of a stronger cap at $3,411, where a break would open the door to an extension of the prevailing uptrend.
Momentum readings back the constructive tone, with the 14-day Relative Strength Index (RSI) hovering in bullish territory near 65 and the Stochastic Oscillator (Stoch) deeply in overbought ground, suggesting buyers remain in control even as the rally risks becoming stretched.
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ETH-2,86%
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